Nuveen New York Select Tax-Free Income Portfolio Declares Monthly Dividend of $0.04 (NYSE:NXN)

Key Points

• Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) declared a monthly dividend of $0.04 per share, with stockholders of record set to receive it on September 2nd.
• The annualized dividend yield for NXN is 4.4%, reflecting the income-generating potential of the fund.
• As of the latest trading session, shares of NXN were priced at $11.49, with a 52-week range between $10.98 and $12.40.

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - Get Free Report) declared a monthly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.042 per share on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, August 15th.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

Shares of Nuveen New York Select Tax-Free Income Portfolio stock traded down $0.04 on Friday, reaching $11.74. 3,260 shares of the company were exchanged, compared to its average volume of 11,508. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.98 and a 1-year high of $12.40. The stock's 50 day moving average price is $11.50 and its 200-day moving average price is $11.59.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in the securities of companies that operate across diversified sectors.